USDCAD Major Resistance Holds, Rising Wedge Broken!

By INVESTCADEMY_ID
Updated
Recap from my last analysis on UCAD
Potential Falling Wedge Pattern on USDCAD
/ looks like the resistance for falling wedge is too strong for now (yellow line) , while other pattern is already formed and active. Expect that rising wedge is broken (orange line) and now is a good opportunity to take a short bearish trip to the next target.
Trade closed: stop reached
Stop Loss reached, back to last analysis on breakout
Comment
This trade looks good but it will work with greater risk tolerance
Bearish PatternsFalling WedgeRising WedgeshorttermTrend AnalysisTriangleUSDCADWedge
INVESTCADEMY_ID

Related publications

Disclaimer